Shareholder Alert: Ademi LLP investigates whether Argo Group International Holdings, Ltd. has obtained a Fair Price in its transaction with Brookfield Reinsurance

PRNewswire 8-Feb-2023 2:01 PM

MILWAUKEE, Feb. 8, 2023 /PRNewswire/ -- Ademi LLP is investigating Argo (NYSE:ARGO) for possible breaches of fiduciary duty and other violations of law in its transaction with Brookfield Reinsurance. 

Click here to learn how to join the action https://www.ademilaw.com/case/argo-group-international-holdings-ltd or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.

Ademi LLP alleges Argo's financial outlook and prospects are excellent and yet Argo shareholders will receive only $30 per share in an all-cash transaction valued at approximately $1.1 billion. The transaction agreement unreasonably limits competing bids for Argo by imposing a significant penalty if Argo accepts a superior bid. Argo insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of Argo's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Argo.

If you own Argo common stock and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or https://www.ademilaw.com/case/argo-group-international-holdings-ltd.

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

Ademi LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001

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SOURCE Ademi LLP